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Lawyers for the former blog publisher say Thiel’s request should be denied because they are currently probing potential legal claims against him

Nov. 29, 2017 4:41 p.m. ET

Gawker Media LLC bankruptcy lawyers said Wednesday that Peter Thiel shouldn’t be allowed to bid on its namesake blog, Gawker.com, unless the billionaire venture capitalist agrees to settle or otherwise end potential legal claims Gawker is pursuing against him related to the former blog publisher’s demise.

The response comes a week after Mr. Thiel demanded he be allowed to participate in a continuing sale process for Gawker, which filed for bankruptcy after losing a lawsuit filed by wrestler Hulk Hogan and financed by Mr. Thiel....